Mauro M.’s Post

🚀 Intesa Sanpaolo reports record results – Q3 and first nine months of 2024! Big news for Intesa Sanpaolo: €7.2 billion net profit for the first nine months of 2024 – that’s up 17% YoY! €2.4 billion net profit for Q3 alone, thanks to gains in both interest margins and fees. 📈 What’s Next?   We’re raising our net profit forecast for 2025 to €9 billion, while targeting €8.5 billion for 2024. All of this with zero reliance on acquisitions – avoiding integration delays, tech mismatches, and management distraction. 🔊 CEO Carlo Messina's statement: “The results from the first nine months of 2024 confirm Intesa Sanpaolo as a European leader” said CEO #CarloMessina. He noted that Intesa Sanpaolo’s market valuation places it alongside BNP Paribas and Santander—despite a significantly larger balance sheet. “In 2024, we expect to achieve a net profit above €8.5 billion, while the net profit target for 2025 has been increased to approximately €9 billion” Messina emphasized, “thanks to our bank’s strong potential to grow profitability organically”. Why it matters:   Intesa Sanpaolo is achieving growth by leveraging internal synergies, not by taking on the risks that come with big acquisitions. 🔹 Behind the Results: People & Technology 🔸 Technology: €3.5 billion invested in digital transformation. - 55% of our applications now run on Cloud, powered by our proprietary isytech platform. - Our digital bank, #Isybank, welcomed over 400,000 new clients, accelerating sharply since September. 🔸 People: Major growth in Wealth Management. - 1,500 new Global Advisors to be hired for Wealth Management & Protection, targeting 2,500 advisors at Banca dei Territori. - By 2027, we’ll have 20,000+ employees dedicated to Wealth Management & Protection across Italy, making Banca dei Territori a top 4 financial advisory network nationally. We’re building on our foundation and our vision for the future. 🏆 #IntesaSanpaolo #Q3Results #WealthManagement #DigitalBanking #FutureofBanking #italy #UE #EU

📢 Breaking News: Intesa Sanpaolo takes the lead in EU Banking Market. Today marks a significant milestone in European banking! 🚀 Intesa Sanpaolo has overtaken Santander to become the largest bank in the #Eurozone by market capitalization. With a current market value of €69.9 billion, #ISP has not only surpassed Santander (€69.8 billion) but also left BNP Paribas (€69.6 billion) behind. This achievement is a testament to the leadership of #CarloMessina and the strategic vision of Intesa Sanpaolo. Although the stock showed a slight dip (-0.5%) today, the bank continues to demonstrate strength and resilience in an increasingly competitive market. 🏦 #Banking #Finance #Leadership #MarketCap #Eurozone #IntesaSanpaolo #europeanbanking

The results for the first half of 2024 confirm Intesa Sanpaolo's ability to generate solid and sustainable profitability, with a net profit of EUR 4.8 billion and a forecast of EUR 8.5 billion for the full year. In his comments, CEO Carlo Messina underscores Intesa Sanpaolo's role in supporting the country's real and social economy. The full statement can be found on Intesa Sanpaolo's website: https://ow.ly/sjAr30sFrlB

With a net income of €2.3 billion, Intesa Sanpaolo’s first quarter 2024 was the best-ever start to the year, also thanks to a strong acceleration in commissions and insurance income. These high-quality results put the Group firmly on track to deliver a net income above €8 billion in 2024. Intesa Sanpaolo will reward shareholders in 2024 with a total distribution of at least €7.3 billion, including the €1.7 billion share buyback in June and the interim dividend paid in November. Additional capital distribution will be evaluated at the end of the year.

Sales of #structuredproducts reached a 16-year high in Italy during 2023, with volumes up more than 60% YoY, according to SRP data. With combined sales of around €24 billion, the big six Italian manufacturers – Intesa Sanpaolo, UniCredit, Mediobanca, Banco BPM, BPER Banca, and Banca Akros – were responsible for 66% of the total sales during the year, despite issuing only 32% of all available products. Find out more (member access): ➡️ http://spr.ly/6045XQd6S #structuredproducts #capitalprotection #Italy

The results for the first half of 2024 confirm Intesa Sanpaolo's ability to generate solid and sustainable profitability, with a net profit of EUR 4.8 billion and a forecast of EUR 8.5 billion for the full year. In his comments, CEO Carlo Messina underscores Intesa Sanpaolo's role in supporting the country's real and social economy. The full statement can be found on Intesa Sanpaolo's website: https://ow.ly/h9sy30sFsk4

✨INTESA SANPAOLO HAS BECOME THE EU'S LARGEST LENDER OVERTAKING SANTANDER✨ Intesa Sanpaolo SpA became the European Union’s largest lender by market value for the first time, overtaking Banco Santander SA after a surge in the Italian bank’s share price this year. At €69.6 billion ($77.1 billion), Intesa’s market capitalization is now slightly more than Santander, which held top spot on Monday, after declines in both stocks on Tuesday. The banks are both similar in value to France’s BNP Paribas SA, the region’s long-time leader. Intesa’s results have been resilient this year and it has also raised guidance. Chief Executive Officer Carlo Messina is counting on growth in insurance, asset and wealth management to lift fee income as the tailwind from high interest rates starts to fade. Meanwhile BNP Paribas has seen its stock hurt by political turmoil in France following President Emmanuel Macron’s decision in June to call snap parliamentary elections. On Tuesday, Morgan Stanley analysts downgraded European banks to in-line from attractive, citing weak macroeconomic data and falling central bank rates weighing on net interest income. Spartan International Executive Search Spartan International Group Oliver Rolfe https://lnkd.in/eqhXzHhb

Intesa Sanpaolo has successfully placed an Additional Tier 1 perpetual bond on the institutional market for a nominal value of €1 billion, with a 7.00% coupon payable semi-annually. This is the Additional Tier 1 issue with the furthest first call date (8 years) issued in the last three years in the Euro market. The issue immediately aroused interest from investors: it collected orders for more than €2.5 billion in the first two and a half hours of launch and reached a peak of almost €4 billion when closing the order book , confirming the excellent credit quality of Intesa Sanpaolo and the appreciation from investors. Find out more: https://ow.ly/l1wc30sCp3S

🏛️ Let's Explore Banking History Around the Globe! 🌍 Did you know that Banca Monte dei Paschi di Siena, established in Italy in 1472, holds the prestigious title of being the oldest bank in the world? 💼 This historic institution has been shaping the banking landscape for over five centuries, standing as a beacon of stability and innovation in the financial world. 💳 From its humble beginnings to its current status as a symbol of longevity and success, Banca Monte dei Paschi di Siena has truly stood the test of time. But let's not forget about the rich banking history in Latin America! 🏦 Banco do Brasil, founded in 1808, stands as one of the region's largest and most respected financial institutions, offering a wide range of banking services to both individuals and corporate clients. And then there's Banco de Chile, established in 1893, which plays a pivotal role in Chile's financial system and across Latin America with its rich history and unwavering stability. 🤔 Sometimes, studying the history of a system can tell us a lot about its future development. #BankingHistory #BancaMontedeiPaschi #BancodeChile #BancodeBrasil #Longevity #Innovation #Stability #FinancialInstitutions #LatinAmerica #GlobalBanking #FutureDevelopment

📢 UniCredit has started the process to internalise its life bancassurance business in Italy through the termination of the current agreements with CNP Assurances and Allianz ⏩ UniCredit will thus accelerate growth in a commission-focused sector with attractive profitability where the bank is already one of the leading players, extract business synergies and further strengthen the service level offered to customers. 🔸 The process is subject to the standard authorizations by the competent authorities and is expected in 2025. The two companies, which will eventually be merged, will report to the recently created bancassurance division led by Alessandro Santoliquido who is responsible for overseeing the insurance business at Group level. 🗞 Find out more in the Press Release: https://lnkd.in/dHPNwqsy #UniCredit #Financial #OurStrategy #Bancassurance